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Al Jazeera America
Oct 17, 2013 11:00am EDT
. these twin threats to our economy have now been lifted and i want to thank those democrats and republicans for getting together and ultimately getting this job done. now, there's been a lot of discussion lately of the politics of this shutdown. let's be clear. there are no winners here. these last few weeks have inflicted completely unnecessary damage on our economy. we don't know yet the full scope of the damage, but every away lift out there believes it slowed our growth. we know that families have gone without paychecks or services they depend on. we know that potential homebuyers have gotten pure mortgages and small business loans have been put on hold. we know that consumers have cut back on spending, and that half of all c.e.o.'s say that the shutdown and the threat of shutdown set back their plans to hire over the next six months. just the threat of default of america not paying all the bills that we owe on time increased our borrowing costs, which adds to our deficit. of course, we know that the american people's frustration with what goes on in this town has never been
Al Jazeera America
Oct 23, 2013 7:00pm EDT
" is next. >> well, the stock market is still hot but the economy is still cool to the touch. i'll make sense of the disconnect so you know what to do now. and good news about the soaring cost of tuition, and i'll introduce you to a space pioneer whose new mission is to tackle the true final frontier, the ocean. i'm ali velshi, and this is "real money." >> this is "real money" you are the most important part of the show so join our live conversation for the next half hour by using this, the hashtag aj real money on twitter. let's talk stocks. if you're invested right now you know the markets have gone gang busters. the s&p 500 is up 22.5%. and stocks closed lower today breaking a six-day streak so that may be reason enough to ask whether this market has gotten a bit of ahead of itself. once every three months companies report earnings, and we're in earnings seasons right now with companies coming out daily and telling us how they did in the third quarter which is from the beginning of july to the end of september. but investors can look at forecasts that predict earnings into the f
Al Jazeera America
Oct 16, 2013 7:00pm EDT
the republican party willing to meet him halfway and reach a deal that does good for our economy and our people. >> the white house said in up coming budget negotiations everything will be on the table. this comes as the president plods the senate compromise. those are our headlines. "real money with ali velshi" from washington, d.c. is next. >> it's down to the wire, a deal that averts economic disaster makes its way through congress like kicking the can down the road can still inflict harm upon us. welcome to washington, d.c. for a special one-hour show. i'm ali velshi, and this is "real money." ♪ >> welcome to "real money," a debt deal is finally in clear sight, but the vote imminent. the just hours away from a possible debt ceiling meltdown. it looks like congress will kick the debt crisis cans beyond the holidays. >> it's never easy for two sides to reach consensus. >> the majority leader now began a serious of conversations about a way to get the government reopened, and to prevent default. i'm confident we'll be able to do both. >> this is what we know as of now. leaders
Al Jazeera America
Oct 17, 2013 12:00pm EDT
doing it to save the american economy. but nothing has done more to undermine our -- [ technical difficulties ] -- >> hurt the american economy of course it has also hurt the deficit which is an irony of ironies, since the very members that were talking about their concerns contributed to the show down. >> and now that the government has reopened, and this threat to our economy is removed, all of us need to stop focusing on the lobbyists, and bloggers, and talking heads on radio, and focus on what the public sent us here to do. >> the participate was also talking about the legislative priorities that are come ing up. and he talked about immigration reform and the farm bill, which is really languishing, so the president said time to get back to work. dell? >> and libby the polls seem to indicate the american public is fed up with both the house and congress and not too happy about the white house either. are democrats avoiding gloating? >> they are for the most part. and any that are trying to get a positive spin on this is one of, okay, let's work together, we were able to pass b
MSNBC
Oct 17, 2013 8:00am PDT
shutdown that cost the u.s. economy an estimated $24 billion. what was the takeaway? for one, senator ted cruz, tea party republican and face of the shutdown. he was outside of the capital, clearly not the look of a man defeated. >> if senate republican his united and supported house republicans, supported the american people we could have had a very different outcome, but instead, senate republicans divided and in account fa, act ofly and aggressively attacked house republicans, attacked the effort. >> let's go to president obama right now. >> responsible republicans came together. the first government shutdown in 17 years is now over. the first default in more than 200 years will not happen. these twin threats to our economy have now been lifted and i want to thank those democrats and republicans for getting together and ultimately getting this job done. now there's been a lot of discussion lately of the politics of this shutdown, but let's be clear. there are no winners here. these last few weeks have inflicted completely unnecessary damage on our economy. we don't know ye
Al Jazeera America
Oct 17, 2013 8:00pm EDT
. >> nothing has done more to undermine our economy these past three years, than the kind of tactics that create these manufactured crises. >> the day after the government reopens but critics of the president warn the battle is far from over. the fiscal assess fire, what it -- cease fire what is means for wall street and main street? >>> and what is next, immigration reform, helping the nation's farmers as the dust settles, a call for congress to move forward. >> counting the cost of the government shutdown, the human cost. the lost productivity and the damaged reputations. tonight we'll look at the toll it has taken on the country. and with federal employees back to work, congress and the white house face major challenges. they have just three months to find a solution. >> at a moment when our economic recovery demands more jobs, more momentum, we've got yet another self-inflicted crisis that's set our economy back and for what? >> while the 800,000 government workers affected by the shutdown will be getting back pay, there is still the question of a long term budget solution. last night
PBS
Oct 22, 2013 6:30pm PDT
trend with a slushish economy with job growth. he's hiring workers because business is up. >> good morning american limousine. >> reporter: in business for more than 20 years, dave says his customers are willing to spend money on an occasional luxury to offset the belt tightening they are enduring. >> people feel a little more at's and aat ease and are living again. they have been trapped in homes and tightening budgets for so long, they are having fun again. >> reporter: with part time employees, he is hiring not just drivers but sales people, as well. among the new hires, 22-year-old carl rogers. rogers spent the last year in and out of government job training programs trying to improve his education and technology skills before getting the job offer last month. >> so i first called american limousine and they called me back. got the job and i was excited. i feel good, making money, get to provide for my family, so it's nice. >> reporter: rogers is among just 126,000 new hires in the private sector in september, part of a job growth picture that even top white house officials adm
CSPAN
Oct 17, 2013 10:00am EDT
>> standards and poors estimated the shutdown has taken about $24 billion out of the u.s. economy. some members of congress tweeted their thoughts and remarks about the shutdown. congressman michael mccaul said the president must negotiate in good faith. >> also congressman robert pittenger says -- a real crisis is a failure to live within our means. republican and democratic leaders met for breakfast this morning as they began talks at solving the budget problems. here's what they had to say after the meeting. >> we just want to say that the four of us, the ranking member of the senate budget committee, the ranking member of the house budget committee, chairman of the senate budget committee, and myself, we had a very good conversation. we decided how we are going to proceed over breakfast. we want to look for ways to find common ground, to get a budget agreement. our goal is for the good of the american people. to get the debt under control. to do smart deficit reduction. and to do things that we think the economy needs to get people back to work. those are our shared goals. we
Al Jazeera America
Oct 17, 2013 10:00am EDT
is an economy in recovery. to stick your leg out and trip a runner that's gaining momentum is what congress did. that runner stumbled but didn't fall but we are saying that watch out, we might stick our legs out again in january. it is simply irresponsible for that group of people over there to be standing in the way of a recovering economy where people are out of their jobs, they are still in homes that they can't pay mayor mortgages on. there is no victory tonight whatsoever. >> right. >> there is simply relief that it's not -- that we did not trip ourselves and actually fall. which we would have done had we reached that debt ceiling. >> again, it happens over and over. every time this happens, as you said it hurts the economy. the bill for this gridlock is in the billions, estimates are over 20 billion. >> sure. >> it threatened a downgrade to our credit rating again. it's had a negative impact on employment, business earn beings, borrowing costs, consumer confidence took the biggest hit since 2,008. residential real estate may have suffered. >> correct. >> where due see the bul
Al Jazeera America
Oct 21, 2013 5:30am EDT
you fill in the blank for us this is an important time in our economy. >> okay. >> we need to know what is happening and what consumers are feeling. >> we had government retail numbers that were delayed. we'll get those. we have other supporting non-governmental evidence that the economy is starting to weaken. we are going to get this data now that the government is back open. but most of the date a data we e going to get is applicable to before the shutdown began. the real impact of the shutdown is not going fo to be felt untie get later data. and the in things that are moore reareal-time like the consumer confidence numbers what we were seeing is not real good. in 2011 we had the second biggest drop ever. bigger than 9/11 and only lehmann was bigger. >> why, yo austin do consumers o feel disconnected in the first place? >> that is a great way to put it, but for whatever reason there is a broad feeling an consumer sen sentiment if therea disfunction in washington that does not bode well for the economy. >> that was in 2011. it took four months before it returned to the depressed l
PBS
Oct 18, 2013 1:00am PDT
and we have variable interest rates and hopefully, a recovering consumer and economy now that this turmoil pasted. >> a number of analysts are saying for this upcoming current quarter there will be a lot of blame put on this government shutdown. what's the spillover effect for 2014 and what does it mean for stocks. >> as we look at january when the next beginning -- the next version of the current crisis is going to play over again. the critical junction will be christmas and holiday season in 2013. the consumer was a bit shaken by what happened in washington and confidence fell. now we need to see a resurgence of consumer confidence in the holiday season. that's the make or break for next year. >> i heard someone describe the market this year as a teflon market, nothing seems to derail it. what could? >> the critical junction, even though earnings are quite strong, we'll see record earnings on the s&p to match the earnings today as we see the third quart e reported however revenue growth is sluggish, really plflat, no better than 2o 3% and that's 100% on the come. it a faith trade
Telemundo
Oct 17, 2013 6:30pm EDT
and we have variable interest rates and hopefully, a recovering consumer and economy now that this turmoil pasted. >> a number of analysts are saying for this upcoming current quarter there will be a lot of blame put on this government shutdown. what's the spillover effect for 2014 and what does it mean for stocks. >> as we look at january when the next beginning -- the next version of the current crisis is going to play over again. the critical junction will be christmas and holiday season in 2013. the consumer was a bit shaken by what happened in washington and confidence fell. now we need to see a resurgence of consumer confidence in the holiday season. that's the make or break for next year. >> i heard someone describe the market this year as a teflon market, nothing seems to derail it. what could? >> the critical junction, even though earnings are quite strong, we'll see record earnings on the s&p to match the earnings today as we see the third quart e reported however revenue growth is sluggish, really plflat, no better than 2o 3% and that's 100% on the come. it a faith trade
CSPAN
Oct 16, 2013 12:00pm EDT
where an economy has grown itself out of recession through austerity. move from crisis to cry sess as congress has done the last three years has cost the american economy 900,000 jobs. enough. reject austerity and uncertainty, open the government and pass the debt limit bill. i yield back. the speaker pro tempore: for what purpose does the gentleman from south carolina seek recognition? mr. wilson: i ask unanimous consent to address the house for one minute and revise and extend my remarks. the speaker pro tempore: the gentleman is recognized for one minute. mr. wilson: last night i hosted a teletown hall with constituents if my district. apart from them calling on end ats in the senate to the shuttown, many expressed -- about the disastrous obamacare rollout. during its first week, 9.47 million visited the website but only 36,000 completed enrollment due to glitches. it's been called excruciatingly embarrassing for the white house and he hopes they fire some people who were in charge of making sure this thing is supposed to work. secretary kathleen sebelius has failed, spending hundr
CNN
Oct 16, 2013 10:00pm PDT
talk more about the economy, the impact it will have on the economy, not just in the united states but around the world. standard and poors says 20 billion is what it will cost the u.s., about one and a half billion for each day of the shutdown, and standard and poors warned the impact is not over. it says consumer confidence has been hurt by the shutdown. and if the issue resurfaces, people will be nervous and afraid to open up their checkbook. now, it was two years ago that america downgraded -- >> so what is s&p thinking right now in the wake of yet another 11th hour deal? well, cnn asked the managing director, john chambers. >> the reason we're at double a, and not triple a, a couple of reasons, that you have to worry about the united states not paying its debt on time indicates it is not worthy of a triple a rating. we believe we'll be back here in january, worrying about the same issues, and given the composition of congress, it will probably still be acrimonius, so we'll just have to see, but i fear this is a permanent feature of our budgetary process. >> a permanent feature. wa
CBS
Oct 21, 2013 2:00am PDT
just ask you the basic question-- how much was the economy hurt by this shutdown? >> it was hurt. by my calculation, it cost us about $24 billion in g.d.p., that's the value of all the sthingz we produce. so just to put that into context-- that shaves about a half a percentage point from growth in the fourth quarter, and i expected the economy to pick up pace but now i think it's unlikely. we're stuck in a slow-growth lackluster kind of environment. >> schieffer: i guess that lead to my second guess, does the reopening now, will it bring money back in somehow? could it be recovered during the holidays? >> we'll get a lot of it back. the shutdown was disruptive to lots of different parts of the economy, to trade, to mortgage lending, to and obviously tourist destinations. a lot of that will come back. i think prevading the entire economy is this uncertainty which i think the effects of that are corrosive have been accumulating and obviously given the nature of the deal that we're going to take this into next year will continue. >> schieffer: and what about just sort of how this is per
CSPAN
Oct 15, 2013 12:00pm EDT
damage our nation's economy would suffer. but here's what we do know. default would mean higher interest rates for over 278,000 new yorkers with mortgages, loss of disability benefits for over 100,000 new york veterans and the threat of being unable to pay social security and medicare drug reimbursements to over 3,000 new yorkers. mr. speaker, the argument by some in this chamber that defaulting on our debt wouldn't be a big deal is outrageous. putting the full faith and credit of our nation, not to mention the strength of the world economy, on the line simply to prove a political point is both reckless and irresponsible. this house must put the best interests of the american people first and avert this disaster so we can get back to rebuilding to economy and nation building right here at home. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. for what purpose does the gentleman from new jersey seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gen
CSPAN
Oct 17, 2013 1:00am EDT
that our economy, hurts our economy, hurts our growth level, an economy that has been through some rough times and is looking like it may be on the right track -- why would you take a step that would deliberately hurt our economy? and hurting our national defense. let me tell you, from my own experience -- i just had the opportunity to come from the pentagon -- a combination of the sequester and this shutdown has hurt our national defense. not only are some very important elements of our defense being 12 air force squadrons, combat squadrons of that have been grounded, half of our air force planes are not we haver combat -- ships that are not being deployed. there is maintenance that is not being done. we are virtually hollowing out our military. at the very important time when we face all kinds of threats abroad in this country. this is still a dangerous world that we live in. then the shutdown top of that, the furloughs, the impact this is having on the men and women in the defense department is inexcusable, in terms of protecting this country. america and americans when these sh
CNN
Oct 20, 2013 10:00am EDT
government. that's the way to grow revenues. to grow the economy. now, you talk about increasing tax rates, we've just been through a great big tax increase in january of this year. we raised taxes at the president's request and the republicans went along with it. by $640 billion. so the question is how much -- what's the amount? all of that has to be negotiated but you can't just say that we will do an equal amount of entitlement restraint for an equal amount of additional tax increases. we've already raised taxes this year by $640 billion. these are all things that need to be negotiated and, yes, hopefully there will be some way to negotiate a budget or a major fiscal reform package. paul ryan has got some terrific ideas. paul ryan frankly in my view is one of the upcoming stars of the republican party. and he's got the right idea. and he's extraordinarily bright and i am delighteded to see that he's the one representing my party at the table. >> we'll be back in a moment. more with james baker including his thoughts on his own senator who is of course ted cruz. >> i do not like gr
LINKTV
Oct 21, 2013 2:00pm PDT
economy. there's more than one way to make coke, grow wheat, even to produce drinking water. in africa, for example, you may see water collected in this fashion. our water supply comes to us through a network of dams, reservoirs, and pipes. one big reason for this difference is that labor is cheap and machinery expensive in africa, while labor is expensive and machinery relatively cheap here. the way we produce our products will be aected by the prices of production-- raw materials, labor, machinery. the businessman will find it in his interest to substitute cheaper factors for the more expensive-- high fructose for sugar, dams and pipes for human labor. in most cas, even when we're unaware of the change, we, the consumers, will benefit. ♪ jazzy all around ♪ with loads of room in the back ♪ ♪ studebaker lark saves you the jack ♪ ♪ big-car comfort ♪ easy to park ♪ you're going to have a ball in the lark ♪ ♪ the '62 lark studebaker had been attracting public attention with its innovative cars after world war ii. by 1948, studebaker sales soared to 300,000, grab
CNN
Oct 16, 2013 10:00am PDT
to our economy can stop. >> the president has said from the beginning that he would not negotiate on this. now that it looks like there is a deal, do you feel like he fulfilled that pledge? >> what the president made clear was his position is that he would not allow a situation to develop where he paid ran some to any party in congress that was trying to extract unilateral political concessions in return for congress fulfilling its fundamental responsibilities. and he believes that's the right position for him to take, that it was the right position. it is the right position and it's the right position for presidents of the future to take because our economy is extremely dependent on the faith and credit that is invested in it by investors around the world. in other words, there is a real even if intangible value to the safeness of investing in the united states and as we've discussed many times over the past days and weeks, threatening that does real harm. and obviously default would cause even more harm, but we've already -- there is already a price that has been paid as we saw
MSNBC
Oct 16, 2013 3:00am EDT
protecting the world economy. it's pretty clear now there's just no way, chris, that the house republicans can deliver votes for anything. this is ultimately going to have to be house democrats and a hangedful of moderates. >> i just want to make sure that people are tracking this. because there's been a lot of twists and turns. basically the house tried to come up with its own version today of some kind of face saving measure which in the end it was whittled down to one demand which was to screw over their staff, which was to make their staff pay more out of pocket for health insurance. hundreds of thousands of people furloughed, all of the cascading misery from cancer trials to people on wic, to people on food stamps, all of that so they could give their staff a pay cut. now there is no demand and all there is is what you cook up in the senate and then what? >> well, that's the question. i mean, listen, we have never been arguing over whether there's a solution to this crisis that has the majority of votes in the senate and the majority of votes in the house. we have always k
CSPAN
Oct 16, 2013 4:00pm EDT
agreement which will protect the long-term health of our economy and -- i'm sorry, and avoid a default on our nation's debt and create a foundation for economic expansion. what we've done is -- [inaudible] for every one of our 50 states. in addition to that, to the citizens of every country in the world, that the united states lives up to its obligations. now congress must return to its most important job -- fostering economic growth and protecting middle class families. i appreciate through all in the steady hand of president obama who helped guide us to this conclusion. i'm optimistic that the spirit of compromise that has taken root in the senate over the last two days will endure. senator mccollum and i have sat in very, very serious discussions the last few days. we're going to do everything we can to change the atmosphere in the senate and accomplish things that need to be done for our country. >> madam president. >> the republican leader. >> this has been a long, challenging few weeks. for congress and the country. it's my hope that today we can put some of those most urgent iss
Al Jazeera America
Oct 18, 2013 3:00am EDT
increased investment by the government. the co machin economy section p. keeping the government on track to me it's official target of 7.5% growth per year. the numbers look impressive by western standards the world's second largest economy is growing in its slowest rate in 23 years,. >> reporter: the exhibit halls of china's largest trade fair aren't as busy as they used to be. this biannual event is usually a game for how the country kreu'ss economy is doing, there are less exhibitors and many say they expect to make less mon. >> i business hasn't been too good but we have to adjust and make ourselves competitive by adapt to go market needs and lower our costs. >> reporter: there is little doubt, though, that china's economy in i growing of the drop in the export figures is reflective of a slow down, coming just as the government is putting reforms in place. the leadership wants to increase domestic consumption and is test-driving new policies in a free trade zone that just opened in shanghai. here regular layingses repor res tight. particular any in financial services. >> china
CSPAN
Oct 22, 2013 8:00pm EDT
about improving the lives of women and families in the health of our nation's economy. because when you do invest in women in this kind of way than we invest in the economic success of our country. and so i would like to have you join me in welcoming some folks who are representatives frankly of a lot of stories that can be told freely throughout our communities. i want to welcome to the microphone a good friend of ours and a real leader mimi hassanein who is in montgomery county. she is originally from egypt that she has been a resident of montgomery county for 40 years preachy owns and operates three childcare centers and what an amazing progressive woman. she provides paid sick leave for employees. i would like you to welcome her. [applause] so that she can tell us why and what it means. mimi. >> good morning. [laughter] >> that's better. thank you very much. i am all about the empowered woman. let's get our wings and fly. my name is mimi hassanein and i do childcare. i have a story to share with you. it is an investment you're absolutely right great affordable childcare can happ
CNN
Oct 16, 2013 11:00pm PDT
raising the debt ceiling and the government opening. a $24 billion hit to the american economy, according to s&p, the u.s. government is once again open for business. >> indeed, president obama signed the bill and opened the government, to avoid what could have been a catastrophic shutdown. >> it was approved by both majorities, in the house and senate. it will fund the government until january 15th. >> the plan would also extend the debt ceiling until february 7th. and in the end it made only a very small change to obama care. what sparked this crisis in the first place, including a profession for income verification. humans of thousands of federal workers off the job for two weeks, have been told to return to work later this morning. live, from our bureau in washington, d.c. erin, i guess the question here, is this a deal or delay? do we go through all of this again? because after all, it is all being put off for 90 days. >> reporter: yeah, john, it is somewhere in between, it is a deal, because of course, democrats have gotten largely what they wanted. we'll see the government reopen a
Al Jazeera America
Oct 18, 2013 2:00am EDT
for his damaging the economy ann the president's estimation for damaging the nation's reputation overseas and he once again made a call for an end to the partisanship and gridlock that brought the nation to the precipice. >> and now that the government is reopened, and this threat to our economy is removed. all of us need to stop focusing on the lobbyist lobbyists and bs and talking heads on radio and the professionalism activists who profit from conflict and focus on what the majority of americans sent us here do and that's grow this economy, great good jobs, strengthen the middle class, educate our kids. lay the foundation for broad-based prosperity and get our fiscal house in order for the long haul. >> reporter: and so the president has about three months until january 15 when the next rounds of negotiations comes due. that spending bill to keep the government open to really get down to the nuts and bold on several issues that he mention specifically. first the budge it sell. house republicans and senate democrats sitting down together for the fires and immaterial coming up w
CSPAN
Oct 19, 2013 12:00pm EDT
economy in check unfortunately. but still there will be that demand. auto companies reported that china auto purchasing in september of this year exceeded any other previous month in history. so the chinese love mobblet the way americans love mobblet. and that's a huge impact on global demand. so i predicted for some years ow that whether 2016 or 2018 there will not be enough oil. not because the world doesn't have a lot of oil. but the technical difficulties of getting oil from new reservoirs while old ones decline is overwhelming to the industry. whether it's deep water brazil, whether it's arctic reserves, whether it's east africa, whether it's other difficult base sins, there simply cannot be enough done to meet the global demand in the middle of this decade. that's point one. point two, the technology revolution that has opened up shale formations including the incredible amount of intelligence in the well. we all think the world of smartphones. the technology that has gone into the well leaves in my opinion smartphones in the back of the race in terms of making use of good technol
NBC
Oct 20, 2013 5:30am PDT
economy as a result of the shutdown and the threat of default? >> i think it's significant in terms of the impact and the shutdown. what it doesn't take into account is the loss of global investor confidence and worry about this being repeated in early 2014. when you take that into account i suspect it's going to be about one percentage point for year for the next three or four years. i think longer term impact is much created in the measurement than the short term. >> we may very well get to do this all over again in a few months. >> where do you think the economy goes hitting an all time high this week? >> i think that the reaction of the financial markets as a whole and even economy on main street was not very much to this whole episode. i think it suggested to me the country's returning to mental health a little bit here from where it's been freezing up on every new armageddon story. this time it didn't. i think it's a good event, not a bad event. i think we might lose a half a percent in the first quarter. the impact will not be very much. >> let's put washington aside from the
FOX Business
Oct 20, 2013 2:00am EDT
the chinese economy. if you think the chinese economy is going to continue to do great, buy it. otherwise, that's a risk. >> you did great. thanks a lot. david asman, "forbes on fox" is next. my man, dave. here he is. >>> well, forget about the politicians. how did obamacare come off at the end of the debt deal in some democrats say obamacare was a big winner since the changes that republicans wanted didn't happen. but check out these headlines. former obama press secretary robert givens calling the exchange glitches "excruciatingly embarrassing." only 1% of the website visitors signing up. aetna ceo knocking the law. hospitals lay off workers in part because of the law. on and on and on. so did obamacare come out this week as the big loser? hi, everybody. i'm david asman. welcome to "forbes on fox." in focus with mr. steve forbes. rick unger. mike osanian. rich karlgaard. and john tandy. was obamacare the bigger or the loser? >> it's a big loser because it will be implemented. make no mistake this is the obama's administration vietnam for the adolescent approach for healthcare
FOX News
Oct 19, 2013 7:00am PDT
. >> jonas, what do you make of this? >> i don't think people working is bad for an economy. yeah, it's not ideal. you can't retire at 65 necessarily. you just live off of your social security and investments because you're going to live a lot longer because of the health care system, which means you have to work longer. and you're working, you're probably going to be spending more money. it's good for the economy. is it ideal for new workers a high unemployment level? no, but for everybody it's great. for employers who want to have skilled workers at a low wage for profits, it's really great. >> but, gary, the problem here is really why they are working longer. many of them because they have to. they can't retire. they lost a lot of money in the recession, and they are not making it up now. >> exactly, brenda. those young people that tracy talked about, even without their showers and their poor work ethic, they would be able to get jobs if the economy was growing like it did in the '90s. unfortunately, you have home prices that inflation adjusted are back still at 1990 levels. you have
MSNBC
Oct 23, 2013 3:00am EDT
need a full-time economy, america is becoming a part-time economy. these are the effects of obama care. >> obama care is a big reason we're turning into a nation of part-time workers. >> because of obama care, millions of full-time workers can only find part-time work. >> and we're seeing our economy turn from a full-time job economy to a part-time job economy. >> we do not want a part time working america. >> a part-time economy, part-time opportunities. >> people are being divorced from full-time to part-time work. >> we're becoming part-time america because of this law. >> we're forcing people to go from full-time work to part-time work. >> it's killing their jobs, it's forcing them into part-time work. >> forced into part-time work. >> for all the people out of a job, all the people in part-time work. >> losing their jobs, being pushed into part time work. >> losing their jobs, forced into part time work. >> but luckily, we don't have to rely on politicians, pundits and anecdotes to tell us what's going on in the economy, we also have data. today we learned that full-time empl
WHUT
Oct 21, 2013 7:30am EDT
international cooperation and what he calls the principles of proactive pacifism. >>> the global economy has been at the mercy of a fiscal impasse in the u.s. over the past few week, even though u.s. lawmakers managed to avoid a debt default. a cloud of uncertainty still hangs over the u.s. economy. earlier gene otani spoke with lewis alexander, the u.s. chief economist at nomura. he shared with us his views on the u.s. economic outlook. >> lewis, this is only a temporary solution. what are some of the concerns you have about the future? >> well, there's no question that we have to get through the next round of negotiations over the next two to three months, to avoid what we've been through over the last several weeks. i'm hopeful that that can happen. negotiations actually started yesterday, and i think that will happen. in the longer term, we do face bigger budget issues over the long run, but those aren't going to get solved in the next three months. we need a deal that basically gets us through the next year. >> how has the shutdown affected the u.s. economy, specifically in terms of job
PBS
Oct 18, 2013 5:00pm PDT
catastrophe, but is this hurting the u.s. economy? we will get some perspective later in the show. it's friday, october 18th, 5 p.m. in washington, d.c., and you are watching rt. we begin today with details from an interview with edward snowden. in an extensive conversation, snowden gave detailed responses to a myriad of accusations levied against him by u.s. officials. one major allegation, that snowden had leaked secrets to both chinese and russian governments, and that therefore made him a traitor to the united states. snowden said that before going to russia, he gave all classified documents to journalists in hong kong, and he reiterated that he did not keep any documents for himself, saying it would not serve the public interest. in response to how he protected the classified documents from chinese spies, snowden said he was able to because of his background and training at the nsa. as a contractor, he targeted chinese operations while at the same time teaching at class on chinese counter operations. snowden has been called a traitor who has caused in norma's damage to u.s. operati
Al Jazeera America
Oct 15, 2013 7:00pm EDT
u.s. economy and job market. and they're highly educated but struggling to make ends meet. a look at america's new working poor. >>> plus talking about recession resistant. now one entrepreneur made an entire business out of meatballs. i'm ali velshi, and this is "real money." >> this is "real money." you are the most important part of our show. so join the conference by using the #aj real money. we're 15 days into a government shutdown. and new study warns even if the u.s. temporarily defaults on its obligations a brief recession could be the result in 2014. that would push the jobless rate to 8.5%. it would cost 2.5 million jobs according to macroeconomic advisers firm in st. louis and others have predicted similar forecasts. others predict the recession would last longer and unemployment would rise to 8.9%. 3.1 million jobs lost. blame will rest squarely on the officials you collected to washington. here's why, the whole percentage point has been shaved off economic growth since 2010. if not for the uncertainty coming out of washington the report estimates the jobless rate would b
KRON
Oct 21, 2013 11:00am PDT
their portfolio in stocks. >> a again it is an issue when the fed stops stimulating the economy will the crash. you hope to have 35 + years. 30 percent of the time the market will be negative but 70 percent of the time you will be at a high periods this is just what we have to deal with. this is what we have to deal with, you have to protect your portfolio. timing is everything and retirement. you cannot draw on a down market. you need to have one of the dividend is coming in. you have to have cash to get through this. every three to five, seven years shall get this. if we learned any thing, the markets do recover but she'll have to have been come to get you through. >> let's take look get what we are afraid of. what about the united states printing too much money? >> what does it mean? the sets are getting the money and there are going to go and buy the same bonds. when those mature they will take that money and continue to buy them. this is even if they taper. when they stop stimulating the economy that means that the economy will be strong enough to just let the interest rates go
FOX News
Oct 16, 2013 10:00am PDT
. and continuing harm that these two situations have caused to the economy can stop. >> the president said from the beginning that he would not negotiate on this. now it looks like there is a deal. do you feel he fulfilled that pledge? >> what the president was made clear in his position, he would not, allow a situation to develop, where he paid ransom to any party in congress that is trying to extract unlateral concessions in return for congress fulfilling their responsibilities. he believes is the right position to take and it was and is the right position and right for the presidents of the future to take because our economy is -- extremely dependent on the faith and credit that is invested in it by investors around the world. in other words, there is a reintangible value to the safeness of investing in the united states. and as we discussed many times over the past days and weeks, threatening that does real harm and default causes even more harm. there is already a price that has been paid as we saw in october. as in 2011 and now in the various ways that the flirtation w
PBS
Oct 17, 2013 11:30pm PDT
. world and economy in a stable policy environment. they believe they can solve the crisis in a timely manner. >> the global credit rating downgraded for u.s. sovereign debt, saying congress failed to solve that debt problem. and below botswana. >> they also talked about the americanizing the world. -- de-americanizing the world. does that mean buying different currency out there? >> probably referring to the idea of decoupling the growth of the u.s. dollar by nations around the world. the dollar dependency concerns china as the largest holder of u.s. primary debt. there is $3.7 trillion of currency that is believed to be u.s. dollars. for china, overreliance on the dollar is risky. they can be held hostage with party and politics. china has no better investment option than the dollar. >> they be the euro goes from being the villain to the hero at some point the way this is going. there has been cautious investors worrying about the drama that could be repeated next year. >> shares in europe dipped after news that the u.s. government was open for business and listed the debt ceiling. o
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